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    2434 Mckenzie St Foley, AL 36535

    For Lease
    $18 SF/Yr

    Prime Alabama retail space available. High traffic, strong demographics.

    Lot size:
    219,888 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional Class A retail property, Foley Square/Riviera Square, presents a unique leasing opportunity in Foley, Alabama. Located at 2434 S McKenzie St, 36535, this 219,888 square foot, two-building community center offers a junior anchor space of 10,027 contiguous square feet currently available for lease. Built in 2018, the single-story complex sits on a 16.7-acre lot and benefits from a highly desirable location near the intersection of Highway 59 and County Road 20. Boasting impressive visibility and convenient access, the property features three signalized entrances on Highway 59 and shared access with a Walmart Supercenter parking lot, ensuring high traffic flow. The property's strategic location within Baldwin County, the fastest-growing county in Alabama and 7th fastest-growing in the US, provides access to a robust and expanding consumer base. Annual traffic counts at the site reached 34,769 in 2022. The property is zoned commercial (APN: 05-61-03-05-1-001-012.006) and includes premium national tenants. This grocery-anchored neighborhood center presents a compelling investment opportunity for businesses seeking high visibility and strong consumer traffic in a rapidly growing market. The minimum divisible space is 10,027 square feet.

    Property Features for 2434 Mckenzie St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    219,888 SF
    Class
    A
    Total Rate
    329832

    Building Details

    Year Built
    2018
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Former Tuesday Morning
    Size
    10,027 SF
    Rate per SF
    $18

    HighLights

    • Class A retail center anchored by Publix, Ross, Academy, PetSmart, TJ Maxx, Marshall's, HomeGoods, and Ulta.
    • Additional area retailers include GAP, Old Navy, Hobby Lobby, Kirkland's, and Big Lots.
    • Located at 2434 S McKenzie St, Foley, AL 36535, near the intersection of Highway 59 and County Road 20.
    • 2022 traffic counts: 34,769 vehicles per day (VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Orenda Originals Boutique Boutique

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Foley
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.683465
    Latitude
    30.3802369

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Alabama retail space available. High traffic, strong demographics.
    Where is this neighborhood center located?
    The property is located at 2434 Mckenzie St Foley, AL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Class A retail center anchored by Publix, Ross, Academy, PetSmart, TJ Maxx, Marshall's, HomeGoods, and Ulta.; Additional area retailers include GAP, Old Navy, Hobby Lobby, Kirkland's, and Big Lots.; Located at 2434 S McKenzie St, Foley, AL 36535, near the intersection of Highway 59 and County Road 20.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2434 Mckenzie St Foley, AL 36535
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